**BRAND NEW ROOF and Front Gutters to Be Installed Prior to Closing — plus a proven income-producing Airbnb opportunity that is already generating exceptional returns!!** Welcome to the ultimate blend of investment potential, Florida lifestyle, and turnkey convenience with this beautifully maintained 2-bedroom, 2-bathroom pool home featuring a versatile bonus room that is currently used as a 3rd bedroom! Offered FULLY FURNISHED and already operating as a high-producing Airbnb with an impressive 4-year rental history and loyal repeat guests returning year after year. Whether you're searching for your next profitable short-term rental, a SECOND HOME INVESTMENT that helps pay for itself, or a personal slice of Florida paradise, this property delivers on every level. BRAND NEW WATER HEATER and SHUT OFF VALVES!! Inside, you'll find a bright and inviting layout designed for both comfort and flexibility, with a BONUS ROOM perfect for additional guest accommodations, a home office, game room, or extra entertaining space. Both the King and Queen beds are brand new as well! Thoughtfully designed and sold COMPLETELY FURNISHED, this home allows for a seamless transition whether you're moving in yourself or continuing its successful vacation rental business from day one. Step outside and discover your own private backyard retreat featuring a sparkling pool, spacious entertaining area, and a playground that makes this property especially appealing to families and vacationing guests. It’s no surprise this home has built a strong reputation with repeat visitors returning year after year. Located in a highly desirable community packed with amenities rarely found without added restrictions, owners enjoy access to a PRIVATE BOAT RAMP, community dock, and dog park — creating endless opportunities to enjoy the Florida boating and outdoor lifestyle! And here’s one of the biggest advantages: NO HOA. NO deed restrictions. No unnecessary limitations on how you use your property or maximize its earning potential. This community is very tight knit and known for its comradery, golf cart parades, 4th of July celebrations, Halloween and Christmas decor, etc. If there's a reason to celebrate, Palmetto Point is in! With an established history of proven rental income, repeat business, resort-style outdoor living, included furnishings, and immediate revenue potential, this is far more than just a home — it’s an opportunity. Start earning income immediately or simply unpack and enjoy the Florida lifestyle. Properties like this are exceptionally rare. *This home NEVER FLOODED in the 2024 hurricanes*
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
